59-65 Maple St, Chester, CT 06412
- Beds
- 11
- Baths
- 12
- Sqft
- 8,500
- Garage
- Yes
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Overview
A mixed-use and multifamily package located in Chester and Deep River, two of the most desirable towns in the Lower Connecticut River Valley. The offering includes: 59 Maple Street (Chester): 7-unit multifamily asset with an additional ~1,500 SF commercial warehouse on 2.5+ acres. 163 Main Street (Deep River): 5-unit mixed-use property positioned at the gateway to the downtown retail corridor. The portfolio is fully occupied and generates approximately $210,000+ in current gross income, with upside to over $280,000 stabilized, driven by residential and commercial rent growth. At stabilization, the portfolio delivers approximately $175,748 NOI and a 8.37% cap rate, supported by a strong 1.58x DSCR. The possibility to develop the 3rd floor of 163 Main Street into additional units can drive returns even higher! This is a rare opportunity to acquire scale across two supply-constrained markets, combining in-place cash flow with clear mark-to-market upside across both residential and commercial components.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 11
- Number of bathrooms
- 12
- Square feet
- 8,500
- Lot size (acres)
- 2.56
- Year built
- 1975
Interior features
- Basement
- Yes
Garage and parking
- Garage parking spaces
- 1
Utilities
- Heating
- Baseboard
- Sewer
- Septic System
- Water
- Well, Public Water
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Smart MLS MLS®#: 24170551 Last checked: …

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